last sale at 4.6c, buyers at 5.4cfirst seller at 6.7cmarket...

last sale at 4.6c, buyers at 5.4c
first seller at 6.7c
market bottomed at around 4c and now looks like is on the way back up.
only 186k shares for sale...tells the story
about 1000 other stocks sold off as well on the sentiment, nothing to do with assets and forward potential.
6 months....
write it in the diary.
the announcements since it was around 30c have been adding value on the books and it's only the sellers that couldn't hold that have dropped the price to these levels ( like most stocks).
this market has fallen the greatest in percentage terms in history but only because the market was at record highs which as sure as night follows day, are corrected both up and down.
Have seen similar bulls and bears since 1969.....a lot of the market reacts to the "sky is falling" syndrome......and people sell and the price goes down.....only to be followed by rapid price increases up again.
golden new year alright.
will be over bought, over sold and over bought again....nothing changes....only the sentiment and the share price, the assets continue to grow
and grow
and grow
and the nuggets will continue to be dug up and sold at premium prices, cash is flowing in, jv's will happen, drill results will be released and resources will be jorc'd.
6 months guys and their will be a very different commentary around the hot copper chat threads.
seen it before and will see it again.
anything under 30c for MXR is a great buy.
the rights shortfall will be fully taken up, the company will be into full production of gold in qld and in 2 years we'll be well on the track to a major gold operation in South Aus. Canegrass will have proven asset values, mxr will raise some more cash several times along the way and the share price will probably be heading to around $1 a share towards the end of next financial year.
6 months guys.
6 months.
hope 2009 is a great one for all on hotcopper, the last three months are history already.
watch the next 12 months and what happens on the asx boards!
the US dollar will drop like a stone, the aussie dollar will buy a hell of a lot more than it does today and the price of gold will travel in the opposite direction to that of the US dollar .